Bureau of Statistics: The rapid rise in prices of energy and raw materials such as coal and metals has been initially curbed

The Paper 2021-12-09 10:00

On December 9, data released by the National Bureau of Statistics showed that in November, with the continuous implementation of the policy of ensuring supply and stabilizing prices, the rapid rise in prices of energy and raw materials such as coal and metals was initially curbed, and the increase in PPI declined.

From a month-on-month perspective, PPI was flat from a 2.5% increase in the previous month. Among them, the price of means of production changed from an increase of 3.3% to a decrease of 0.1%; the price of means of living rose by 0.4%, an increase of 0.3 percentage points. The multi-departmental collaboration has curbed the irrational rise in coal prices, and coal production and market supply have continued to increase. The price of coal mining and washing industry has changed from an increase of 20.1% to a decrease of 4.9%, and the price of coal processing has changed from an increase of 12.8% to a decrease of 8.4%. The effect of ensuring supply and stabilizing prices in the metal industry is evident. The price of ferrous metal smelting and rolling processing industry has changed from an increase of 3.5% to a decline of 4.8%, and the price of non-ferrous metal smelting and rolling processing industry has changed from an increase of 3.6% to a decline of 1.2%. International crude oil and natural gas prices fluctuated at high levels, driving up prices in related domestic industries. The price of oil extraction increased by 7.1%, the manufacturing price of refined petroleum products increased by 4.7%, the price of chemical raw materials and chemical products manufacturing industry increased by 0.7%; the price of gas production and supply industry increased by 4.1%. In addition, the price of electricity and heat production and supply industry increased by 1.9%, the price of agricultural and sideline food processing industry increased by 1.4%, and the price of textile industry increased by 1.2%.